Fixed Income Division - Associate, eFX Trader (London)

Morgan-Stanley; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

Morgan Stanley in London is seeking an eFX Trader to monitor trading systems, manage risk, and generate data-driven trade ideas. You will analyze market structure and participate in shaping strategies for client-focused eFX opportunities.

The role requires advanced quantitative skills, deep FX market knowledge, and the ability to communicate complex insights clearly. A strong Excel/Bloomberg toolkit and independent work style are essential.

Qualifications

• Excellent analytical and problem-solving skills.
• MSc or PhD in mathematics, physics, or a similar quantitative subject.
• Extensive knowledge of FX market dynamics for G10 currencies; EM markets beneficial.
• Strong technical communication skills and ability to work independently.

Responsibilities

• Monitor the trading system, risk management and research new opportunities.
• Create trade analytics requiring understanding of deeper market structure.
• Trade and manage risk for the eFX trading book.
• Actively monitor markets for opportunities in eFX markets.
• Generate trade ideas and market comments to increase business footprint.
• Manage daily P&L reporting and perform quantitative valuation.

Skills

Analytical skills

Problem solving

Quantitative analysis

FX market knowledge

Independent work

Education

MSc/PhD in mathematics or physics

Tools

Bloomberg

Excel

Job description

FID – eFX Trader - AsociateDepartment OverviewThe Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products, Securitized Products, and Municipal Securities. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professionals’ trade in both physical and derivative commodity risk.About Morgan StanleyMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.What will you be doing?Monitoring the trading system, risk management and researching new opportunities.Creating trade analytics requiring an understanding of deeper market structure.Responsible for trading and managing risk for the eFX Trading book.Actively monitoring the markets for opportunities in eFX markets.Generating trade ideas and market comments to increase the business footprint.Managing daily profit and loss reporting and utilizing quantitative knowledge for relative value analysis and valuation.Understanding a wide variety of market instruments and pricing complex risk.Provide input into research and develop trading strategies based on transaction data and market data, to increase or target trading activities and facilitate client serviceProvide input into creating bespoke data-driven content to highlight the value/performance offered by Morgan Stanley trading tools, including opportunities for direct client presentations/interactionWhat we’re looking for:Excellent analytical and problem-solving skills.MSc or PhD in mathematics, physics, or a similar quantitative subject.Extensive know-how of the FX market dynamics for G10 currencies. Experience in EM markets is beneficial.Deep understanding of Macro HF, Macro RM, Cross asset funds and corporate client base.Strong technical communication skills & ability to work independently.You will have an entrepreneurial mindset and possess practical problem-solving skills with a great attention to detail.You can analyze and interpret complex information quickly and accurately.Familiarity with market making tools.Experience using Bloomberg and advanced Excel.Certified Persons Regulatory Requirements:This role is deemed as a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.Flexible work statement:Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.Internal Applicants:Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here .Equal opportunities statement:Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.What you can expect from Morgan Stanley:We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.#LI-KF1WHAT YOU CAN EXPECT FROM MORGAN STANLEY:At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.Certified Persons Regulatory Requirements:If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.Flexible work statementInterested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .